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Last Updated: Aug. 10, 2012 |
| HELSINKI - Apartments |
COST (€) |
YIELD (p.a.) |
PRICE/SQ.M. (€) |
| TO BUY |
MONTHLY RENT |
TO BUY |
MONTHLY RENT |
| 40 sq. m. |
242,680 |
1,004 |
4.96% |
6,067 |
25.09 |
| 75 sq. m. |
428,025 |
1,676 |
4.70% |
5,707 |
22.35 |
| 120 sq. m. |
746,400 |
2,520 |
4.05% |
6,220 |
21.00 |
| 200 sq. m. |
1,321,400 |
3,638 |
3.30% |
6,607 |
18.19 |
Districts researched
Eira, Kaivopuisto, Kulosaari, Tammisalo, Etu-Töölö, Ullanlinna, Kruununhaka, Katajanokka, Munkkiniemi, Töölö
Source: Global Property Guide Definitions: Data FAQ See also: Update Schedule |
House prices in Helsinki rose by 2.2 % during the year to August 2012, according to the official statistics provided by Statistics Finland. This is broadly in line with Global Property Guide figures for prime districts in Helsinki (we found that apartment prices rose by around 1.5% between August 2011 and August 2012).
Prices of apartments of 40 sq. m. dimension rose to EUR 6,000 per sq. m., from EUR 5,800, on average.
Rents range from EUR 18 to EUR 25 per sq. m. per month. This is close to our findings last year, when we found rents ranging from EUR 20 to EUR 25 per sq. m. per month.
Gross rental yields are lower this year, because of the rise in the sales prices combined with the stable-ish rents.
Rental yields range from 3.30 % to 4.96%. Smaller apartments earn the highest rental returns, while bigger apartments earn the lowest rental returns.